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4 Segment reporting

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An operating segment is a component of the Group that engages in business activities from which it may earn revenues and incur expenses, including revenues and expenses that relate to transactions with any of the Group’s other components. The Group has the following primary operating segments, which have been identified based on the way operations and financial information are organised and financial information is reported to the Board of Management:

  • Assurance;

  • Advisory.

All operating segments’ operating results are reviewed regularly by the Board of Management to make decisions about resources to be allocated to the segment and to assess its performance, and for which discrete financial information is available.

As the Group operates in the Netherlands, there is only one geographic segment.

The pricing of intersegment transactions is determined in accordance with the applicable internal policies.

Information about reportable segments

Information related to each reportable segment is set out below. Net sales, Income and Operational results are used to measure performance as management believes this information to be the most relevant in evaluating the results of the respective segments relative to other entities that operate in the same industries. In addition, FTEs per segment are closely monitored.

Segmentation 2020/2021

Assurance

Advisory

Total reportable segments

Other segments and intersegment eliminations

Total

      

Net sales

309,840

210,538

520,378

-

520,378

Income

298,530

221,822

520,352

-975

519,377

Operational result

93,188

76,336

169,524

-84,929

84,595

     

Total

 

Assurance

Advisory

Total reportable segments

Other segments

Total

FTEs

     

Partners

86

53

139

6

145

Other professionals

1,590

1,036

2,626

-

2,626

Support staff

147

59

206

513

719

      

Total FTEs

1,823

1,148

2,971

519

3,490

      
      
      

Segmentation 2019/2020

Assurance

Advisory

Total reportable segments

Other segments and intersegment eliminations

Total

Net sales*

287,018

184,125

471,143

54

471,197

Income*

276,264

195,350

471,614

-911

470,703

Operational result*

82,484

30,734

113,218

-80,852

32,366

      
 

Assurance

Advisory

Total reportable segments

Other segments

Total

FTEs

     

Partners

82

52

134

8

142

Other professionals

1,614

1,166

2,780

2,780

Support staff

116

52

168

511

679

Total FTEs

1,812

1,270

3,082

519

3,601

*The comparative information was restated to align with current year’s presentation.

Reconciliation of information on reportable segments to the amounts reported in the financial statements

EUR 000

2020/2021

2019/2020

Net sales and income

  

Net sales

520,378

471,197

Adjustment internal revenue

-1,001

-494

   

Income

519,377

470,703

Client related expenses

49,295

54,741

   

Consolidated revenue

568,672

525,444

   
   

EUR 000

2020/2021

2019/2020

Operational result

  

Operational result

84,595

32,366

Extraordinary results

-2,119

-570

IFRS 16 adjustments

2,273

3,193

Fees payable to the Cooperative

34,824

34,110

Other

-242

   

Consolidated Operating result

119,573

68,857

Work performed by employees for internal purposes (adjustments internal revenue) is included in net sales for internal reporting purposes. This is excluded from Income or Consolidated revenue.

Income for internal reporting purposes is exclusive of client related expenses, such as travel expenses, expense declarations or external client related invoices. When these expenses are invoiced to the client, they are included in Consolidated revenue.

Operational result for internal reporting purposes is exclusive of extraordinary results such as the effects of IFRS 16, the advanced fees paid to the Cooperative and one-off items of income and expense, which are included in consolidated operating result.